UBS: Informative Underlying Indicators
Global Cyclical Growth Factors
FIXED INCOME: Market-Based Monetary Policy Factors
- Range on y-axis from bottom to top is dovish/loosening to hawkish/tightening
US Equity vs. Treasury Volatility Differentials, Return Correlation
US 10Y Breakeven Yields and Commodity Prices
US Treasury Curve PCA Analysis
US Rate Implied, Historical Volatility Comparisons
Market-Based and Economic Data-Based Trend Inflation Deviation Factors
FX: Broad USD Indicators
COMMODITIES: Gold Regression Residuals
CRYPTO: BTC/USD Relevant Macro Correlations
BTC/USD Sensitivity to Financial Conditions Changes
- Financial conditions indices are typically constructed such that positive/rising values indicate tightening. Ex-ante, one would expect negative sensitivity readings in an environment of tight crypto<->macro market linkages.
BTC Exchange Net Flows
ETH Centralized Exchange Net Flow Metrics
ETH Centralized Exchange Net Flow Metrics